Why every chemical business is a digital business and data is the new Permian

  In their book, Prediction Machines: The Simple Economics of Artificial Intelligence, University of Toronto economists Ajay Agrawal, Joshua Gans and Avi Goldfarb posit that the principal benefit of Artificial Intelligence (AI) is that it significantly lowers the cost of making accurate predictions. They argue that when the cost of something comes down, we use more […]

Predictive pricing hits the bigtime in chemicals

Niels Bohr, the pioneering Danish physicist and Nobel Prize winner in 1922, once remarked, “Prediction is very difficult, especially if it’s about the future.”1 In almost a century since, the frontiers for predicting the future have accelerated exponentially, thanks to the commoditization of computing technology, advancements in data harnessing capabilities and algorithms, and increased maturity of […]

The EPA has only banned these 9 chemicals — out of thousands

You can see how the tiny asbestos fibers would get caught in your lungs. Wikimedia Commons Asbestos is probably one of the chemicals on this list that you’ve heard of. Asbestos exposure is the primary risk factor for mesothelioma, a deadly form of cancer. The TV commercials for mesothelioma lawsuits are ubiquitous, partly because asbestos use was so […]